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Royal Mail (LON:RMG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a note issued to investors on Wednesday, June 26th, Digital Look reports. They presently have a GBX 185 ($2.42) price target on the stock. Liberum Capital’s price target would indicate a potential downside of 14.07% from the stock’s current price.
RMG has been the topic of several other research reports. Goldman Sachs Group restated a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. Jefferies Financial Group cut their price objective on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating on the stock in a report on Monday, June 3rd. Barclays lowered their target price on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating on the stock in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. raised Royal Mail to a “neutral” rating and lifted their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Finally, HSBC cut Royal Mail to a “hold” rating and lowered their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock opened at GBX 215.30 ($2.81) on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The business has a 50-day simple moving average of GBX 208.73. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 506.80 ($6.62). The company has a market capitalization of $2.16 billion and a PE ratio of 12.30.
In other news, insider Rico Back purchased 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last three months, insiders purchased 251,794 shares of company stock valued at $51,708,848.
About Royal Mail
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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